Read this brief article on the merits of individual stock selection and passive investing

Actions

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Your best friend asked you for advice. Write a "dear friend" email that responds to their request for advice:

"I know you are taking a class on finance. I have $50,000 to invest. My stock broker wants me to invest in 10 stocks that he will help me pick. I have also heard that I should instead invest passively by just investing in a mutual fund or ETF that mirrors the return on the S&P 500. Tell me what I should do and why."